Carlin, Charron & Rosen, a regional CPA and business advisory firm in New England, has ended its merger negotiations with accounting firm consolidator UHY Advisors.
The merger was scheduled to close May 1.
No specific reason was cited for the breakup; however, CCR managing partner Robert Charron said that despite the potential of the union, “a merger of this nature also presents great challenges. The due diligence process has proceeded amicably and with the cooperation of both firms, but despite our best efforts we were unable to overcome those challenges and complete the process to the satisfaction of all involved.”
According to Accounting Today’s 2007 Top 100 Firms, UHY Advisors and Carlin, Charron & Rosen ranked No. 13 and No. 69, generated 2006 revenue of $241.6 million and $36 million, respectively.
